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595 S Thornhill Road

Palm Springs, CA 92264

$925,000 $3,899/Mo

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Overview

Bed

Bath

14,810

Sqft(Lot)

Description

Sago Palms -- Six-Unit Multifamily Property in the heart of Palm Springs.Located in the Warm Sands area of Palm Springs, Sago Palms is a unique six-unit multifamily property with a history as a former hotel. The property offers a mix of residential units, attractive amenities, and stunning mountain views.The property consists of:One, 2-bedroom, 2-bathroom unit with -- currently needs workThree, 1-bedroom, 1-bathroom units -- currently in rentable condition andTwo studio apartments.A total of three gas fireplaces in various units. Community poolShared laundry room -- no additional incomeStreet/open parkingSeparate utility metersLeased solar systemUpgraded plumbingTwo tankless water heatersStunning mountain viewsThe property is being sold AS-IS.There are currently three tenants and one owner -occupant living on the property. All occupants are on month-to-month rental agreements, providing flexibility for a future owner.Current Rental Income:One bedroom units: $1200 per monthTwo bedroom units: $1600 per month.Studio apartments: $1085 per month.Vacancy in on Studio and the 2 bed, 2 bath unit (needs remodeling).Solar lease is $524.85 per month with Sun run. Expires in 2035. Current buy out is $46,455.88.

Property Details

Property Type : ResidentialIncome

Price : $925,000

AD Id : 89392540

MLS Id : 219151275DA

Lot Size : 14,810 Sqft

Year Built : 1958

County : Riverside

Subdivision: Hollywood South Side Add

Map

What's Nearby

Nearby Areas

Features

Interior Features

UtilityRoom

Appliances: ElectricRange, Disposal, GasRange, Refrigerator, WaterHeater
Heating & Cooling

Heating: None Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1958

Stories: 1

Pool Features: Gunite, InGround

Private Pool: Yes

View: Mountains

Lot Information

Main Square Feet: 14810 Lot Size Acres: 0.34 Lot Size Source: Assessor Lot Size Square Feet: 14,810

Property Information

Subdivision: Warm Sands Source Property Type: ResidentialIncome Postal Code Plus 4: 2729 Levels: One Property Age: 68

Listing Price Information

Listing Price: $925000

Cash, CashToNewLoan

Tax Information

Parcel Number: 508220005

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 8 Unassigned

Location Information

Direction: Ramon to Thornhill Rd.Property sits on Thornhill between Sunny Dunes and Ramon Road.

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